So the first and easiest principal of financial planning is to SPEND less than you MAKE. Notice, I am not charging you for this piece of advice, so please no notes saying, “Well D’UH!“, or such. This is so obvious, that maybe it gets obscured with all of the odd plans and pecodilos that we put together in our financial lives. Let’s look at this as the actual equation:

Incoming cash - Outgoing cash = SAVINGS (or Losses if negative)
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